According to OCBC Investment Research, US stock-market indexes closed lower, reversing earlier gains as losses in the technology and financials sectors outweighed advances in energy, telecoms and real-estate shares.

Five out of eleven S&P 500 industries ended lower, with Information Technology (-1.37%) and Financials (-1.05%) leading the declines while Telecommunication Services (1.16%) and Energy (0.72%) led the gains.

"We expect today’s tone to remain soft as trade tensions continue to weigh on local sentiment, pushing the STI ever close to its 3230 immediate support," OCBC Investment Research noted.

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